Wednesday, October 8, 2025

Latest

Canadian Consumer Confidence Continues to Slide for Third Straight Week

Consumer confidence slid for a third straight week, as an increasing number of Canadians remain concerned over the country’s worsening economic outlook.

The latest Bloomberg Nanos Canadian Confidence Index slid one point to 61.6 in the previous week, marking the lowest reading since March. The figure is now 3.5 points lower compared to three weeks ago, and nearly 5 points below July’s record-high.

The survey, which collects the views of 250 respondents across Canada, also found that the proportion of Canadians expecting the economy to gain momentum over the next six months slide from 54% at the beginning of July to 35% last week. Similarly, an increased number of respondents also indicated a worsening outlook regarding their personal finances as well as the real estate market.

Deteriorating sentiment regarding the trajectory of the economy has been the primary factor behind the overall optimism decline, coupled with growing fears of the rapidly spreading delta variant alongside a fourth wave of the pandemic. Moreover, the recently released GDP print showed that Canada’s economy contracted 1.1% in the second quarter against expectations of a 2.5% increase, suggesting that the economic recovery is a lot further behind that previously expected.


Information for this briefing was found via Nanos Research. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Americans’ Confidence in the Housing Market Plummets to 10-Year Low Amid Rising Mortgage Rates

Americans are rapidly losing confidence in the country’s real estate market, as high inflation and...

Wednesday, August 10, 2022, 09:39:31 AM

Canadian Consumer Confidence Reaches Highest Level Since Beginning of Pandemic

Following recent announcements on positive vaccine outcomes that could further advance economic recovery, consumer confidence...

Monday, December 7, 2020, 02:17:00 PM

Consumer Confidence Slightly Increases For Month of May

The Conference Board recently released new data regarding the consumer’s current outlook on the economy,...

Wednesday, May 27, 2020, 04:15:00 PM

Canadian Consumer Confidence Soars to Highest Since 2019 Amid Easing of Restrictions

With lockdown restrictions beginning to ease across several Canadian regions, consumers are becoming more optimistic...

Thursday, February 25, 2021, 10:04:00 AM

Canadian Consumer Confidence Jumps to Record-High Amid Strong Vaccine Rollout

Consumer confidence appears to be accelerating across Canada, amid the ongoing vaccine rollout that is...

Saturday, May 22, 2021, 11:09:00 AM